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Nov 23, 2012
11/12
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for republicans that means revenue through tax reform. for democrats that means entitlement and spending changes and unions are saying no way to any type of changes for medicare, medicaid and social security, launching a lobbying and ad campaign targeting democratic and republican lawmakers in pennsylvania, missouri, virginia and releasing a statement saying we cannot cut our way to job creation. balance the budget at the expense of the middle class and destroy programs that provide economic security for millions of americans. one conservative says these groups that telling the president what he already believes. >> he likes the read transfer of income from one group to another under government control. he is for that. he did not fix the unsustainable entitlement programs. >> we are early in the negotiating process and democrats have shown a willingness to discuss and unchangeds which makes these labor unions nervous. dave: even though retail sales were down our next guest says we will see an improvement in holiday season sales this year.
for republicans that means revenue through tax reform. for democrats that means entitlement and spending changes and unions are saying no way to any type of changes for medicare, medicaid and social security, launching a lobbying and ad campaign targeting democratic and republican lawmakers in pennsylvania, missouri, virginia and releasing a statement saying we cannot cut our way to job creation. balance the budget at the expense of the middle class and destroy programs that provide economic...
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Nov 25, 2012
11/12
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capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate which could be depending how much you earn, as much as 39.6%. given that a lot of people rely on those dividends for their income, it's no surprise to see some of the highest dividend-yielding stocks get slammed in the past few weeks. take a look at some of those. but as i've been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for businesses to blossom and investors to make money, even if there are higher taxes on the horizon. mike holland makes money for his clients. good to see you, welcome to the program. i haven't talked to you for a while. tell me about this drop from november 7th, first of all. how much of that is fear of fiscal cliff, how much of it is people who don't like obama, what was that? >> it's all the aboff. you used the word heebie jeeb bebefore, that's a good, professional description of what's going on. it's an exextension of what we've had since
capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate which could be depending how much you earn, as much as 39.6%. given that a lot of people rely on those dividends for their income, it's no surprise to see some of the highest dividend-yielding stocks get slammed in the past few weeks. take a look at some of those. but as i've been saying, today, if we can get past this fiscal cliff standoff, there are going to be...
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Nov 29, 2012
11/12
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, it would put you in the 50% tax bracket. it means i would get $125 million, free and clear, which is my money. i would invest some of it in the stock market, donate some of it to the churches. >> i would take a lump sum. >> reporter: why would you take a lump sum? >> because i don't know how long i'm going to live. >> tom: we spoke with susan bradley, founder of the sudden money institute and a certified financial planner. susan, tha thanks for joining us. an inheritance or a lottery -- how do you make that decision between taking a lump sum or stretching out the payments. >> you take a lot of time before you get to that decision. it is certainly not your first decision. your first thing to do is change management. we do a triage to see what is most important, and we deal with urgent things first, that are really going to affect well-being. usually the lump sum versus payment is something that you can put off for at least a month or two. >> tom: are we culturally bias to take the money and run now, compared to wait a generat
, it would put you in the 50% tax bracket. it means i would get $125 million, free and clear, which is my money. i would invest some of it in the stock market, donate some of it to the churches. >> i would take a lump sum. >> reporter: why would you take a lump sum? >> because i don't know how long i'm going to live. >> tom: we spoke with susan bradley, founder of the sudden money institute and a certified financial planner. susan, tha thanks for joining us. an...
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Nov 24, 2012
11/12
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capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate, which could be, depending on how much you earn, as much as $39.5%. given a lot of people rely on those for their income, it's no surprise to see some of the highest dividend yielding stocks get slammed in the past few weeks. as i have been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for b businesses to blossom and investors to make money. even if there are higher taxes on the horizon. mike is the chairman of holland and company. welcome to the program. i haven't talked to you for a while. tell me about the drop from november 7th, first of all. how much of that is fear of the fiscal cliff? how much of that is people who don't like obama? what was that? >> it's all of the above. you used the word heebie-jeebies before. it's a good professional description of what is going on and an extension of what's been going on since 2008. people have had a negative psychology
capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate, which could be, depending on how much you earn, as much as $39.5%. given a lot of people rely on those for their income, it's no surprise to see some of the highest dividend yielding stocks get slammed in the past few weeks. as i have been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for b businesses...
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Nov 25, 2012
11/12
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you can say, in spirit, that i don't -- i'm against raising taxes in spirit. however, as a legislator, i have to make choices based on what's happening at that moment in time. and if you have -- if you have a rising deficit and you have a country where the economy is stagnating you may have to, in the short term or for longer periods of time raise revenue and you may have to do that through raising taxes. so to have ever taken that position was an extreme position. >> so lawmakers, we're talking about peter king, lindsey graham being the latest ones today, to say they might consider abandoning that no tax hike pledge, similar to how senator saxby chambliss said he would abandon the pledge for the american people. yes, they may have been extreme positions but for a long time most of these lawmakers didn't feel it was extreme, they felt it was the necessary thing to do, they were digging in heels for a very long time. so it does seem hike an incredible page that's being turned here to be able to now say, i'll consider abandoning that. it does seem like there is
you can say, in spirit, that i don't -- i'm against raising taxes in spirit. however, as a legislator, i have to make choices based on what's happening at that moment in time. and if you have -- if you have a rising deficit and you have a country where the economy is stagnating you may have to, in the short term or for longer periods of time raise revenue and you may have to do that through raising taxes. so to have ever taken that position was an extreme position. >> so lawmakers, we're...
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Nov 24, 2012
11/12
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so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a gap between the rich and middle class in this country we need to look at reforming corporate welfare not getting poor people-- >> angela do you want to respond to this before we run out of time. >> now what it's sad that liberals want to treat the poor as second class citizens keep them on the federal plantation, just come vote for us and get a free check. give people a job to give them integrity and dignity. >> rick: angela. >> people are looking for jobs right now. 8% unemployment almost. >> rick: this started off really, really nicely somewhere along the lines we went off the rails a little bit, but we have a couple more weeks to talk abou
so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a...
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Nov 27, 2012
11/12
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the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix this thing. of course, it is because they have not indexed this for inflation. it reverts to the level it was in 1993 where the level would only be about $45,000. think about this. when you mention those 30 million americans, those are rich people. those are people earning 100-150,000 dollars. they will let the payroll tax rise back to where it was before they temporarily suspended it. dagen: do you think, though, bottom line, we will get higher tax rates on wealthier americans? >> it really depends on the president. the republicans have put a pretty fair deal on the table. they are willing to put a cap on deductions. a lot of conservativ
the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix this thing. of course, it is because they have not indexed this for inflation. it reverts to the level it was in 1993...
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Nov 22, 2012
11/12
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but many expressed concerns about the looming fiscal cliff that includes tax heights and spending cuts that are set to hit january 1 if congress fails to act. >>> and the dow is up 48 points. the s&p rose 3. >>> a cease fire agreement has for now quieted the violence in the israel-palestinian conflict. rita is live in our newsroom now where heartbreaking stories just continue to pour in. >> reporter: that's right, gasia. there was a cease fire and a feeling of relief today on both sides of the gaza-israel border. with strong backing from the united states, the deal was brokered by egypt's new muslim brotherhood president and he'll oversee its compliance. >> this is a critical moment for the region. egypt's new government is assuming the responsibility and leadership that has long made this country a cornerstone of regional stability and peace. >> reporter: the united states promised additional military aid to pressure israel to accept the cease fire now. the israel prime minister who supported mitt romney over president obama made it clear that the ground invasion remains ready. >> but
but many expressed concerns about the looming fiscal cliff that includes tax heights and spending cuts that are set to hit january 1 if congress fails to act. >>> and the dow is up 48 points. the s&p rose 3. >>> a cease fire agreement has for now quieted the violence in the israel-palestinian conflict. rita is live in our newsroom now where heartbreaking stories just continue to pour in. >> reporter: that's right, gasia. there was a cease fire and a feeling of relief...
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Nov 29, 2012
11/12
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KPIX
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scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on law
scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending...
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Nov 25, 2012
11/12
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anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. president mohamed morsi announced sweeping new powers for himself. ordering egyptian court not to overturn any decree or law issued since he took office. as the crowds gather there's a growing unease over what coul
anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli...
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Nov 25, 2012
11/12
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well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is david rock, co-founder and author of "your brain at work." good morning. >> good morning to you, radi, good to be here with you. >> i have a lot to get through with you, but you say that our brains are inherently wired to categorize other people in one of two ways. in groups and out groups. can you explain what that means? >> absolutely. it's an inle function, and we see it in many other animals, including mammals as well. it's not just an american thing or western thing. it's very much a part of who we are, to decide if everyone we're speaking to is on our
well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is...
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Nov 27, 2012
11/12
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KPIX
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than a million dollars, minimum tax you have to pay it before you do the tax reform. too many competing interests to get it done immediately. interesting man. we'll have more from him. >>> to republican politics, new jersey's governor chris christie has said he will run for re-election. his popularity has been rising since superstorm sandy. a new poll shows christie's job approval rating has just 21 points in the past month, record poll shows 67% of new jersey voters give him a favorable rating. cbs news political director john dickerson with us this morning. good morning. >> good morning, charlie. >> what do you think about governor christie and this rise in polls and what he has to say to his fellow republicans about what happened during the election campaign? >> well he is locking in gains sort of. he has had this successful response to the hurricane, now announcing his re-election for governor. basically saying we have to tip the rebuilding we've been doing the last several weeks. in terms of his future ambitions in the republican party, there has been some blowba
than a million dollars, minimum tax you have to pay it before you do the tax reform. too many competing interests to get it done immediately. interesting man. we'll have more from him. >>> to republican politics, new jersey's governor chris christie has said he will run for re-election. his popularity has been rising since superstorm sandy. a new poll shows christie's job approval rating has just 21 points in the past month, record poll shows 67% of new jersey voters give him a...
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Nov 26, 2012
11/12
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FOXNEWSW
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taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china, russia, and iran are actively lobbying for new global rules that can allow them to, for example eavesdrop at will or sensor content. rick gold stein is the director of the project. it's no surprise china and iran and russia would love to control the internet. about it's a surprise they are going to have some conference with the u.n. in dubai next week. we are attending and this is going to be the topic? >> looking at the history of the united nations and how it triumphed on free speech. i'm not surprised. we h
taxes ride. rule every american is expected to feel the pinch. we'll break down the numbers on the latest proposals and see who maintains what depending on what kind of deal is reached. and are you not one of the so-called rich. no one company or governing body runs the it net. that helped the worldwide interest neat to grow in the way it has to spur democratic movement. a u.n. summit next week could put a little known united nations agency in charge worldwide web. and countries like china,...
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Nov 23, 2012
11/12
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FOXNEWSW
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raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we know what happens. we jump off the cliff. if a deal is struck, something everybody can feel relatively good about even though everybody will feel pain, what could that mean for the overall economy? >> i think if there is a reasonable deal struck for the overall economy. then we also -- you have got to keep in mind we have a credit rating in this country that has been hurt and if a deal is not met, then our credit rating could be hurt as well. so i think if a deal is met we have -- i think it will be temporary in na
raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we...
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Nov 25, 2012
11/12
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. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no dat
. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come...
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Nov 22, 2012
11/12
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KRCB
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they can put some pretty rudimentary information in the tax filing filings and we might never know a lot of forces behind some of the spending. >> woodruff: so is there any backlash to that? and what are the lessons being talked about, the lessons learned from this election? >> well, there are many efforts right now to pass legislation to change this. there are a lot of questions about the rule by the irs, is or is not cracking down on these groups, which are social welfare therkz are politically active. i think there will be increased scrutiny. whether anything can happen and change i think is really going to be up to congress. >> woodruff: eliza, how do you see the future in the next election, in the next election for these groups? >> well, they're gog continue growing and they're going to remain very active and they're going to keep pushing the envelope as much as they can but i think there's a sense of inevitability in the so-called reform lobby that this is going to lead to scandal and corruption, and i think there's a growing sense on capitol hill that this system ast is curren
they can put some pretty rudimentary information in the tax filing filings and we might never know a lot of forces behind some of the spending. >> woodruff: so is there any backlash to that? and what are the lessons being talked about, the lessons learned from this election? >> well, there are many efforts right now to pass legislation to change this. there are a lot of questions about the rule by the irs, is or is not cracking down on these groups, which are social welfare therkz...
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Nov 28, 2012
11/12
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CNBC
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suddenly they love these tax cuts. we can't live without these tax cuts! however, republicans are now saying let's go ahead and let all of them expire. now the republicans don't love the bush tax cuts and the democrats do love them. it's totally switched. >> that is true. >> and you know what? i would never think that i would agree with this. he makes a really interesting case. that the united states by far has the most progressive tax system of any advanced country but it's not enough to help narrow income inequality because our overall tax revenue is too low and the middle class is the only people that can come and generate enough revenue to really help the people that are in need. >> which you probably have to do that, but you have to raise rates on the richest or at least find a way to bring their tax rates higher. i don't even understand w we're having this argument about marginal rates. it's stupid. >> you can't go high enough. where is your cutoff? if it's not at 100,000 -- if it's at 250, it's already too high to raise any serious money. >> they're
suddenly they love these tax cuts. we can't live without these tax cuts! however, republicans are now saying let's go ahead and let all of them expire. now the republicans don't love the bush tax cuts and the democrats do love them. it's totally switched. >> that is true. >> and you know what? i would never think that i would agree with this. he makes a really interesting case. that the united states by far has the most progressive tax system of any advanced country but it's not...
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Nov 26, 2012
11/12
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are paying taxes some other way. >> corporations pass along taxes to their consumers anyway. to the customers as well, right, so then you're sort of saying they're going to get stuck with it. shareholders would get stuck with part of it and it also gets passed along with, that seems self-defeating, too. >> we're talking about lowering corporate taxes on the shareholders. on the beneficiaries of those higher. >> you worked in the white house, steve. you know the president. >> i do. >> you know the way he thinks and frankly many of his cabinet members and those quhis pwhispe his ear thing. he'll barnstorm the country and talk about the 39.6%, talking about marginal rates. where is the room to the extent you believe there's room, to compromise, with a house that doesn't want to talk about marginal rates at all? where is the white house able to compromise? >> i've been doing deals for many years, greg has, there's always compromise. could you put the buffett rule in to raise a bit of money over here? the beauty of this situation, it's difficult, but the beauty of it is, it's not
are paying taxes some other way. >> corporations pass along taxes to their consumers anyway. to the customers as well, right, so then you're sort of saying they're going to get stuck with it. shareholders would get stuck with part of it and it also gets passed along with, that seems self-defeating, too. >> we're talking about lowering corporate taxes on the shareholders. on the beneficiaries of those higher. >> you worked in the white house, steve. you know the president....
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Nov 23, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. that's her "huge savings" face. yeah. don't worry, i get it all the time. [ male announcer ] we guarantee our low prices. even our black friday prices are backed by ad match. the first and only place to go this black friday. walmart. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. >>> an out of this world thanksgiving meal, turkey and all the fixings, served to the crew aboard the international space station. nasa says the dinner included such space worthy foods as irrateiated smoked turkey and thermostabiliz thermosta
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. that's her "huge savings" face. yeah. don't worry, i get it all the time. [ male...
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Nov 22, 2012
11/12
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we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little turkey and stuffing and apple pie. unfortunately those thanksgiving favorites can take a toll on your body. but don't worry. we have great tips to make your holiday a little healthier. >> i would like to give my family a happy thanksgiving, greetings. hi, brayden, mommy lowstles. hi, whom, i'll talk to you guys later. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio
we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little...
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Nov 28, 2012
11/12
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have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get i
have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen...
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Nov 23, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only your doctor can determine if your persistent heartburn whoa! is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pain. other serio
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your...
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Nov 29, 2012
11/12
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are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign fund-raising dollars could dry up. everybody in the house faces a primary next year. whether or not they a tough opponent or not is on the table. there are so many considerations. jon: so if these talks fail, and we go over the fiscal cliff, do both sides share in the blame equally? >> i don't think so. i think it is likely that the house republicans and even senate republicans, even though they're in the minority in the senate are going to get more of the blame but it depend on what kind of view you're taking here if you're a republican. i
are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign...
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Nov 26, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the latest victims in the ongoing violence. now, fighting has ripped this country apart. activists say more than 40,000 people now have been killed since the first pretest 20 months ago against the regime of president bashir al assad. nick payton walsh shows us what happens when bombs fall in, of all places, a playground. >> these disturbing images show what happens after a children's playground is hit, according to activists by a cluster bomb. refugees with nowhere else to hide apparently hit by a single deadly device dropped by a jet. some cluster bombs released smaller explosives to cause maximum devastat
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the...
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Nov 23, 2012
11/12
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new taxes pledge. wolf blitzer is off, i'm joe johns, and you're in the situation room. >>> a new front has opened in the unrest with egypt with police firing tier gas at protesters, just outside cairo's main square. we're told the embassy was not a target. demonstrators are demanding that mohammed morsy -- >> reporter: joe, if anyone thought egyptians were tired or weary, all you to do is look at cairo's tahrir square, and that's not the case. they seem as energized at ever, and this time they're going after their current president. >> outraged, clashes, and anguish in tahrir square. this is where egyptians demanded the ousting of hosni last year. >> on thursday, the new president made himself the most powerful man in egypt by announcing sweeping decarerees says are to push forward the drafting of the new constitution, and speed up government still missing a parliament. >> if you ask anyone, overturning any of his declarations -- that border -- so technically, it means for now he can do whatever he wa
new taxes pledge. wolf blitzer is off, i'm joe johns, and you're in the situation room. >>> a new front has opened in the unrest with egypt with police firing tier gas at protesters, just outside cairo's main square. we're told the embassy was not a target. demonstrators are demanding that mohammed morsy -- >> reporter: joe, if anyone thought egyptians were tired or weary, all you to do is look at cairo's tahrir square, and that's not the case. they seem as energized at ever, and...
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Nov 26, 2012
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otherwise taxes will go up and major taxes will be triggered. senators lindsey graham and saxby champ blins are suggesting they would be willing to break their no tax pledge to get a budget deal done. today is day six of the cease-fire between israel and hamas and delegations from both sides are in cairo to meet separately with representatives from egypt which helped broker the cease-fire along with the united states. hamas says the latest round of talks will focus on border crossings and easings of the economic blockade of gaza. >>> the bodies of a northern california couple have been recovered after they were swept out to sea trying to save their dog. the family was playing fetch with their dog north of eureka on saturday. the dog chased after a stick and got pulled into the ocean by eight to ten foot waves. the boy and his parents followed the dog into the water. >> horrible story. >> feeling lucky? no grand prize winner saturday night. the jackpot for wednesday's powerball drawing is up to $425 million. that number could go even higher depen
otherwise taxes will go up and major taxes will be triggered. senators lindsey graham and saxby champ blins are suggesting they would be willing to break their no tax pledge to get a budget deal done. today is day six of the cease-fire between israel and hamas and delegations from both sides are in cairo to meet separately with representatives from egypt which helped broker the cease-fire along with the united states. hamas says the latest round of talks will focus on border crossings and...
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Nov 23, 2012
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why saxby chambliss is ditching the pledge he made to anti-tax activist grover norquist. what it means for the battle over the budget. >> nobody signed any pledge with me. the pledge is to the american people. americans for tax reform, my organization, shares it with all candidates, republicans and democrats. but the pledge is to the american people. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than man
why saxby chambliss is ditching the pledge he made to anti-tax activist grover norquist. what it means for the battle over the budget. >> nobody signed any pledge with me. the pledge is to the american people. americans for tax reform, my organization, shares it with all candidates, republicans and democrats. but the pledge is to the american people. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2%...
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Nov 24, 2012
11/12
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CNNW
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no sales tax. local bookstores already under pressure by the rapid rise of ebooks and large bookstore chains felt particularly squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you can save 10%, why wouldn't you? >> reporter: but amazon's tax advantage recently disappeared in california, adding 7% to nearly 10% to the cost of each order. it also began taxing in other states like pennsylvania and texas. online retailers collect tax only for states where they have a physical presence. now here in california, amazon is building two giant warehouses. including this one near los angeles. it's a million square feet, and for old fashioned retailers, it's another reason to worry. why? because amazon's goal is to get items to customers faster and to be able to offer same day delivery. that's right. you can avoid stores if you want and have a package delivered to your house in a matter of hours. a win for consumers, but tough for local retailers. >> if amazon creates distribution ce
no sales tax. local bookstores already under pressure by the rapid rise of ebooks and large bookstore chains felt particularly squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you can save 10%, why wouldn't you? >> reporter: but amazon's tax advantage recently disappeared in california, adding 7% to nearly 10% to the cost of each order. it also began taxing in other states like pennsylvania and texas. online retailers collect tax only for states where they...
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Nov 22, 2012
11/12
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KPIX
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their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right now the president is under pressure not to touch social security and medicare. >> of course. so don't touch it. let's just let the damn thing rock along, grab your shorts you know get ready for the fun. >> let them go broke. >> let them go. >> if we don't touch them if we just take them off the table, you know what's going to happen? you know? we're not going to be able to spend money on whatever else it is you love. >> we asked both bowles and simpson if they were encouraged by at least the tone of compromise coming from congress and the president. >> based on what you see at the white house right now, are you optimistic or not? >> i'm not. no. somehow the word compromise means you're a wimp. how did we ever get to that point in america? >> optimistic or not? >> i'm not optimistic,
their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right now the president is under pressure not to touch social security and medicare. >> of course. so don't touch it. let's just let the damn thing rock along, grab your shorts you...
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Nov 27, 2012
11/12
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he did con socede that eventual the way to raise revenue will be for the wealthy to pay a higher tax rate. david coney is talking about addressing the entitlement issue but wants a corporate tax rate of zero. no doubt that would create huge outrage. he says that's the most effective way to create jobs in the u.s. and frees up so much money for companies to hire. many would probably agree that's important, too. you can see both sides of the story there, carol. one more extreme than the other, of course. >> of course. we'll see what happens. alison kosik at the new york stock exchange. >>> good news for the housing market as home prices rise across the country with the biggest quarterly jump in two years. christine romans is in new york with more. good morning, christine. >> good morning, carol. more evidence that the housing market is healing. we've seen report after report on this. the biggest quarterly gain in two years. s&p kay schicase-shiller report. national home prices up 3.6% in the third quarter. can i show you the cities with the biggest gains? as you know, all real estate i
he did con socede that eventual the way to raise revenue will be for the wealthy to pay a higher tax rate. david coney is talking about addressing the entitlement issue but wants a corporate tax rate of zero. no doubt that would create huge outrage. he says that's the most effective way to create jobs in the u.s. and frees up so much money for companies to hire. many would probably agree that's important, too. you can see both sides of the story there, carol. one more extreme than the other, of...
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Nov 26, 2012
11/12
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and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's willing to break the no tax pledge that he made when he first ran for office. and guess what? now he has company. fellow republican senators lindsey graham and bob corker say that under the right circumstances, they too are willing to break ranks. what is the republican world coming to? john avalon, straight to you, cnn contributor, writer for daily beast newsweek. i want to get your reaction to the news we heard from jay carney, we now know the president has spoken by phone over the weekend with boehner and mcconnell. might this be progress? >> yes, it might be progress. that's a good thing. you go
and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's...
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Nov 26, 2012
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there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. until i show them this. the oral-b pro-health clinical brush. its pro-flex sides adjust to teeth and gums for a better clean. the pro-health clinical brush from oral-b. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duc
there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the...
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Nov 23, 2012
11/12
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senator is moving away from an anti-tax pledge from grover norquist. facing looming tax hikes at the end of the year if they don't act, senator chambliss said, quote, i care more about my country than i do a 20-year-old pledge. if we do it his way then we'll continue in debt and i just have a disagreement with him about that. interesting. >>> want to give back this holiday season? more than 30,000 airline tickets have been given to service members and their families as part of what's called the hero miles program. launched by the fisher house foundation, it allows people to donate their frequent flyer miles to wounded, injured and sick military service members and their families. now there's a new opportunity to do the same with hotel points. joining us now from baltimore to tell us more about the hotels for heroes program are dave coker and senator ben cardin of maryland who helped to pass legislation for this. let me talk to you first, mr. co coker. first of all, great to see you again this year. tell me a little bit about this new program with the h
senator is moving away from an anti-tax pledge from grover norquist. facing looming tax hikes at the end of the year if they don't act, senator chambliss said, quote, i care more about my country than i do a 20-year-old pledge. if we do it his way then we'll continue in debt and i just have a disagreement with him about that. interesting. >>> want to give back this holiday season? more than 30,000 airline tickets have been given to service members and their families as part of what's...
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Nov 22, 2012
11/12
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keep in mind that's despite those doom and gloom reports about the fiscal cliff, potential tax hikes on everyone, if congress does not act. of the people who were surveyed between november 9th and 13th, many of them said they do plan on spending more this year compared to last year. i have some interesting breakouts for you here, carol. more men said that they will spend more this year compared to last year than women. as far as age goes, the generation wires 18 through 24, they say that they, too, plan on spending more. remember, that group of people have had a tough time breaking into the workforce. still, though, they said they planned on spending more as well as latinos and blacks. they, too, say they plan on spending more. so why? that's the big question. why do some people say they plan on spending more this holiday season, simply because as far as the people in this survey, they felt as if their financial situation this year is better than it was last year. carol? >> that's simple. so where are people spending the most money? >> they break it down regionally. and it appears th
keep in mind that's despite those doom and gloom reports about the fiscal cliff, potential tax hikes on everyone, if congress does not act. of the people who were surveyed between november 9th and 13th, many of them said they do plan on spending more this year compared to last year. i have some interesting breakouts for you here, carol. more men said that they will spend more this year compared to last year than women. as far as age goes, the generation wires 18 through 24, they say that they,...
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Nov 27, 2012
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no taxes. no taxes. but now simpson bowl, the republican and the democrat, two years ago they came up with a plan, it is now being talked about again. this is two years later. all these issues have been on the table for a very long time. so what is the hold up? is there still this intransigence that nobody can get past? >> well the real holdup in my estimation is this -- you cannot talk about dealing with our deficit, you cannot talk about how you run this country without talking about credible revenue. and if, in fact, you want to continue to give tax breaks to the richest people in this country, then you can't get started with a credible proposal for compromise. you've got to start there. and when that is done, then you can talk about entitlement and what can you do with a credible proposal to reduce entitlements? but you can't do that until you talk about how you're going to fund a defense and not increase revenue. with the cliff that we're faced with, we're talking about maybe a 50% reducti
no taxes. no taxes. but now simpson bowl, the republican and the democrat, two years ago they came up with a plan, it is now being talked about again. this is two years later. all these issues have been on the table for a very long time. so what is the hold up? is there still this intransigence that nobody can get past? >> well the real holdup in my estimation is this -- you cannot talk about dealing with our deficit, you cannot talk about how you run this country without talking about...
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Nov 27, 2012
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it's still very popular to be anti-tax. but that's definitely the way things are moving. >> not enough to have a few moderate republicans and senate to do it, you need a whole lot in the senate and house. >> boehner doesn't need his whole republican caucus, he probably needs about 100 republicans. >> he can get 100, that would be pretty good from that perspective. thanks very much, ryan lizza. a popular comedy website names the north korean leader kim jong-un the sexiest man alive for 2012. you won't believe what country fell for the spoof. stay with us. you're in "the situation room." while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're am
it's still very popular to be anti-tax. but that's definitely the way things are moving. >> not enough to have a few moderate republicans and senate to do it, you need a whole lot in the senate and house. >> boehner doesn't need his whole republican caucus, he probably needs about 100 republicans. >> he can get 100, that would be pretty good from that perspective. thanks very much, ryan lizza. a popular comedy website names the north korean leader kim jong-un the sexiest man...
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Nov 24, 2012
11/12
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we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is bein
we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing...
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Nov 24, 2012
11/12
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FBC
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tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the money, they are spending it.they they will not spend less because they have a marginal tax rate increase. it's not like all the sudden, you know, bloomberg or romney says we can't go to dinner next week. they will still spend money. it's a matter of saying how doho we get people who are not at that level to have conditions where th can spend. melissa: in the 80s, they lower tax rates issue and revenues go up, and revenues, 1981 to 1988, from $599 billion to $909 # billion. i'm just saying if the problem's revenue and you want more money in treasury, there seems that's a period of time we did it ti de
tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the...
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Nov 24, 2012
11/12
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CSPAN
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taxes, not your sales taxes or excise taxes. no tax increases. in 2010, august 8, starting in grand junction, colorado, he started to say and repeated verbatim again and again, my plan is that if you earn less than $250,000, i will not raise your income taxes next year. two changes in his promise that did not get talked about on cbs, nbc, cnn, or any of the networks. he just announced that he can do an energy tax tomorrow and not have broken his word. an energy tax, wacking the middle class. he could raise income taxes on people a year from now. which is why what he wanted to do is kick out the bush rates for those making less $250,000 a year. this is where you talk about the dual mandate. we are talking about marginal tax rates, higher income people and successful small businesses. that raises $400 billion -- there are other taxes, in addition to the rate increases he wants to include. over a decade. he has $800 billion he plans to raise from higher income people. the size of the debt -- if he gets that, in his budget, assuming
taxes, not your sales taxes or excise taxes. no tax increases. in 2010, august 8, starting in grand junction, colorado, he started to say and repeated verbatim again and again, my plan is that if you earn less than $250,000, i will not raise your income taxes next year. two changes in his promise that did not get talked about on cbs, nbc, cnn, or any of the networks. he just announced that he can do an energy tax tomorrow and not have broken his word. an energy tax, wacking the middle class. he...
SFGTV2: San Francisco Government Television
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Nov 28, 2012
11/12
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SFGTV2
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Nov 28, 2012
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we do it through the tax code but the tax code, we are a good example. we are not rich but we are trying to get rich and the tax code goes after those that are trying to get rip. >>neil: isn't california just approved two tax hikes sales and income on your very group. so that is a triple whammy. >>guest: you have to be wired differently to do business in california. you have to extra extra drive. >>neil: why do you do it? >>guest: the weather. >>neil: i will agree with you there. >>guest: our business has to have good weather. we can keep our employees employed year round because it sunny and warm and almost throughout the year, december and january are the exceptions. >>neil: when you say defer deferring to december and january -- let me ask you, if your husband says your business is picking up, that would speak to what the president is saying and to could be the wind at your back? >>guest: i know how hard he works and --. >>neil: your husband? >>guest: yes. >>neil: in the you were talking about your husband? ing he works six days a week and he has done
we do it through the tax code but the tax code, we are a good example. we are not rich but we are trying to get rich and the tax code goes after those that are trying to get rip. >>neil: isn't california just approved two tax hikes sales and income on your very group. so that is a triple whammy. >>guest: you have to be wired differently to do business in california. you have to extra extra drive. >>neil: why do you do it? >>guest: the weather. >>neil: i will agree...
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Nov 27, 2012
11/12
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a family of four earning 50 to $80,000 will see taxes rise by over $2,000 a year. the increase will prompt shoppers to tighten pursestrings by $2 billion. members of the democratic and republican parties oppose an income tax rise for the middle class. democrats want the wealthy to pay more while the republicans ar against such a hike. the parties start talk this week. now let's get a check on the markets. taking a look at the currency market. the euro reached a one-month high of 1.3 against the dollar and that's after the news that the euro zone ministers reached an agreement on the greek bail out. euro dollar quoted at 17.2992. now turning to stocks. tokyo shares are up slightly as bargain hunters are buying back recent decliners. nikkei is at 9,430. some investors are selling exported related shares. now let cease how oths how othe doing. kospi is up. we'll see where china markets take us when they open over the next hour. british financial regulators fined the swiss financial group more than $47 million. they had failed to conduct britain's biggest bank fraud. h
a family of four earning 50 to $80,000 will see taxes rise by over $2,000 a year. the increase will prompt shoppers to tighten pursestrings by $2 billion. members of the democratic and republican parties oppose an income tax rise for the middle class. democrats want the wealthy to pay more while the republicans ar against such a hike. the parties start talk this week. now let's get a check on the markets. taking a look at the currency market. the euro reached a one-month high of 1.3 against the...